<div id="readability-page-1"><p><span>Lyft (NASDAQ:LYFT - Get Free Report)</span> had its price target increased by research analysts at Wells Fargo &amp; Company  from $14.00 to $15.00 in a report released on Friday,Benzinga reports. The brokerage presently has an &#34;equal weight&#34; rating on the ride-sharing company's stock. Wells Fargo &amp; Company's price objective would indicate a potential upside of 7.57% from the stock's current price.</p><ul><li>Why Lyft’s Stock Volume Just Spiked—Is an EV Partnership Near?</li></ul><p>Several other research analysts have also commented on the stock. Oppenheimer dropped their price objective on shares of Lyft from $20.00 to $17.00 and set an &#34;outperform&#34; rating for the company in a research note on Thursday. Roth Capital raised shares of Lyft from a &#34;neutral&#34; rating to a &#34;buy&#34; rating and set a $19.00 price target on the stock in a report on Thursday. UBS Group boosted their price target on Lyft from $14.00 to $15.00 and gave the company a &#34;neutral&#34; rating in a research note on Tuesday, July 29th. Susquehanna upped their price target on Lyft from $15.00 to $18.00 and gave the stock a &#34;neutral&#34; rating in a report on Monday, May 12th. Finally, BMO Capital Markets  reiterated a &#34;market perform&#34; rating and issued a $16.00 target price (up from $15.00) on shares of Lyft in a research report on Thursday. One investment analyst  has rated the stock with a sell rating, twenty-three have assigned  a hold rating and ten have issued  a buy rating to the company. Based on data from MarketBeat, the stock  has an average rating of &#34;Hold&#34; and an average target price of $16.64.</p><p><b>View Our Latest Stock Analysis on Lyft</b></p><h2>Lyft Stock Down 1.9%</h2><ul><li>Rivian Stock Rallies as Robotaxi Buzz Builds</li></ul><p>LYFT stock traded down $0.27 during trading on Friday, reaching $13.95. 9,519,973 shares of the stock were exchanged, compared to its average volume of 17,947,973. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.66. Lyft has a twelve month low of $9.53 and a twelve month high of $19.07. The firm has a market cap of $5.83 billion, a P/E ratio of 58.15, a price-to-earnings-growth ratio of 2.74 and a beta of 2.26. The firm's 50 day moving average is $15.09 and its 200 day moving average is $13.74. </p><p>Lyft (NASDAQ:LYFT - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.17). Lyft had a return on equity of 14.22% and a net margin of 1.51%. The company had revenue of $1.59 billion during the quarter, compared to analysts' expectations of $1.61 billion. During the same quarter in the prior year, the firm posted $0.24 EPS. The firm's quarterly revenue was up 10.6% on a year-over-year basis.  As a group, research analysts forecast that  Lyft will post 0.22 EPS for the current year. </p><h2>Insider Activity at Lyft</h2><ul><li>3 Tech Stocks Poised for Explosive EPS Growth in 2025</li></ul><p>In other news, CEO John David Risher bought 6,538 shares of the stock in a transaction dated Thursday, May 29th. The stock was bought at an average cost of $15.29 per share, with a total value of $99,966.02. Following the purchase, the chief executive officer owned 11,791,340 shares of the company's stock, valued at approximately $180,289,588.60. This represents a 0.06% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jill Beggs sold 1,572 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $16.41, for a total transaction of $25,796.52. Following the completion of the transaction, the director directly owned 20,467 shares in the company, valued at approximately $335,863.47. The trade was a 7.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.07% of the stock is owned by company insiders. </p><h2>Institutional Inflows and Outflows</h2><p>A number of hedge funds and other institutional investors have recently modified their holdings of LYFT. American Century Companies Inc. increased its stake in shares of  Lyft by 335.7% in the 4th quarter. American Century Companies Inc. now owns 102,614 shares of the ride-sharing company's stock valued at $1,324,000 after purchasing an additional 79,062 shares during the last quarter.  Alliancebernstein L.P. boosted its holdings in  Lyft by 53.9% in the fourth quarter. Alliancebernstein L.P. now owns 120,562 shares of the ride-sharing company's stock worth $1,555,000 after acquiring an additional 42,218 shares in the last quarter.  Geode Capital Management LLC increased its holdings in  Lyft by 7.6% during the 4th quarter. Geode Capital Management LLC now owns 6,309,681 shares of the ride-sharing company's stock worth $81,419,000 after purchasing an additional 443,109 shares in the last quarter.  Federated Hermes Inc. boosted its holdings in  Lyft by 1,957.5% during the 4th quarter. Federated Hermes Inc. now owns 288,827 shares of the ride-sharing company's stock worth $3,726,000 after acquiring an additional 274,789 shares during the last quarter.  Finally, Cerity Partners LLC grew its holdings in shares of  Lyft by 49.4% in the fourth quarter. Cerity Partners LLC now owns 123,888 shares of the ride-sharing company's stock valued at $1,597,000 after acquiring an additional 40,990 shares in the last quarter. Institutional investors own  83.07% of the company's stock. </p><h2>About Lyft</h2> (Get Free Report)<p>Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It operates multimodal transportation networks that offer access to various transportation options through the Lyft platform and mobile-based applications. The company's platform provides a ridesharing marketplace, which connects drivers with riders; Express Drive, a car rental program for drivers; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips.</p><h2>See Also</h2><ul><li>Five stocks we like better than Lyft</li><li>How Technical Indicators Can Help You Find Oversold Stocks </li><li>Is Eli Lilly’s 14% Post-Earnings Slide a Buy-the-Dip Opportunity?</li><li>Growth Investing: Should You Adopt This Investing Strategy in 2022?</li><li>Tesla Is Balanced on a Knife Edge: Time to Tread Carefully</li><li>What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story</li><li>Why Axon's 16% Surge Signals a New Era in Public Safety Tech</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TFlGVA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TFlGVA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Lyft Right Now?</h2><p>Before you consider Lyft, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lyft wasn't on the list.</p><p>While Lyft currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

LYFT

<p>Wells Fargo & Company has raised its price target for Lyft (NASDAQ:LYFT) from $14.00 to $15.00, maintaining an "equal weight" rating. This new target suggests a potential upside of 7.57% from the current stock price. Other analysts have varied opinions, with Oppenheimer lowering its target to $17.00 and Roth Capital increasing it to $19.00. Lyft's stock recently traded down 1.9% to $13.95, with an average target price of $16.64 among analysts. The company reported a quarterly EPS of $0.10, missing estimates, and a revenue of $1.59 billion, slightly below expectations.</p>

Lyft (NASDAQ:LYFT) Price Target Raised to $15.00 at Wells Fargo & Company